Our team of over 550 analysts can identify the most important SLAs and KPIs aligned with your industry and provide tailored solutions based on a deep understanding of your requirements, pain points, and objectives. Our framework will help you to measure and track supplier performance, improve operational efficiency, mitigate risks, and achieve goals
Using our SLA and KPI initiatives, you can quantify the potential return on investment. KPI indicators help to understand if the initiatives are on track, and analyzing this data is key to identifying productivity and efficiency gains apart from how they translate into cost savings
Historical data collected from the monitoring of KPIs and ensuring adherence to SLAs can be used to evaluate potential suppliers and their past performance. The data can also be used to resolve any existing issues and strengthen supplier relations
Using our KPIs and SLAs related to cost and price variance, you can manage and optimize your procurement expenses. This data can also be used to monitor and control costs as well as to negotiate favorable prices. The insights generated by us can also be used to identify cost-saving opportunities
Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.
Read More Know about SpendEdge ProcurementSetting accurate expectations and ensuring they are met is essential to the success of any business. Talk to our experts to figure out how to ensure all parameters are met.
Talk to Our Experts
Gain insights related to your key spend categories, ranging from important updates, outlook, and engagement models, to in-depth supply-chain risk analysis.
Improve supplier selection decision making and supplier relationship management through our services covering supplier identification, supplier updates and alerts, and risk and sustainability analysis.
Improve strategic decision making through our services related to negotiation advisory, best practices, risk mitigations, supplier KPIs and SLAs, and cost optimization mechanisms.
Keep a close look at price movements and forecasts for key commodities and the impact of different cost drivers to formulate effective cost reduction strategies.